Target Q1 sales up 10.8 percentChristian Fernsby ▼ | May 22, 2020
Target Corporation announced its first quarter 2020 results, which reflect the impact of rapidly evolving shopping patterns and significant investments in response to the coronavirus pandemic.
Target First quarter comparable sales grew
Store comparable sales increased 0.9 percent. Digital comparable sales grew 141 percent, accounting for 9.9 percentage points of Target’s comparable sales growth.
The company reported GAAP earnings per share (EPS) from continuing operations of $0.56 in first quarter, compared with $1.53 in 2019.
First quarter Adjusted EPS were $0.59, compared with $1.53 in 2019. ■